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… (IT) projects intended to upgrade financial software and application modules in SBA’s legacy Loan Accounting System.  … on the results of this review, we made one recommendation for the Office of Capital Access in coordination with the … and reauthorize the Capital Access Financial System for operation. SBA agreed with this recommendation. Office of …

… various management and financial records available for fiscal years 2014 and 2015.  We also reviewed public … March 18, 2015 | File size: 294KB | Download .pdf for / March 18, 2015 Related programs: Agency Management …

… closing documents during the closing process and all steps for each disbursement were performed as required.  …  During the audit, the OIG identified opportunities for management consideration which may further reduce overall … obtained certain documents from borrowers earlier in the application process. Office of Inspector General Effective: …

… also did not meet the required 30-calendar day timeline for any of the 12 firms we reviewed, nor did it meet the proposed deadline of 90 days for five firms. For firms who are certified, the amount of time the SBA takes to review the application directly inhibits their opportunities to obtain …

… with OMB guidance. Specifically, the Disbursements for Goods and Services, as well as 7(a) loan guaranty … need to use less experienced staff to process applications for Hurricane Sandy may have attributed to the rate increase for Disaster Assistance loan disbursements. Consequently, the …

… to identify and clarify the FY 2011 STEP program measures for success.  Further, the SBA mismanaged the STEP grant … misspent funds and a failure to achieve intended results.  For example, personnel from the SBA Office of International … September 25, 2012 | File size: 793KB | Download .pdf for / September 25, 2012 Related programs: Agency Management, …

… July 13, 2011 | File size: 8477KB | Download .pdf for / July 13, 2011 Related programs: Credit/Capital Activity …

… Audit Report ROM 10-09: Lack of Approval for a Recovery Act Surety Bid Bond Guarantee This management … approved and not canceled prior to the IPA’s test work for this review. The surety bid bond was approved by a … that the contractor did not complete SBA Form 994, Application for Surety Bond Assistance, and ultimately did …

… Report 9-09 – Audit of Borrower Eligibility for Gulf Coast Disaster Loans Report 9-09 – Audit of Borrower Eligibility for Gulf Coast Disaster Loans Report 9-09 This final report … the results of our audit of Borrower Eligibility for Gulf Coast Hurricane Disaster Loans. The objective of the …

… Information SecurityManagement Act (FISMA) implementation for Fiscal Year 2008. The Office of Inspector General (OIG) … the names of contractors with access to all hosted application on the following 10 systems: [FOIA ex. 2] We … investigations and clearances had been completed for contractor staff. To determine whether SBA appropriately …

… OIG determined that the SBA lacked clear written guidance for reviewing employee emails.  For example, Standard Operating Procedure 90 40 specifies … October 19, 2007 | File size: 980KB | Download .pdf for / October 19, 2007 Related programs: Agency Management …

… Report 8-10 – Annual Credit Reviews for Gulf Coast Hurricane Disaster Loan Disbursements This … the results of our audit of annual credit reviews for Gulf Coast Hurricane disaster loan disbursements. Report … the results of our audit of annual credit reviews for Gulf Coast Hurricane disaster loan disbursements. We …

… 8-07 – Review of the Adequacy of Supporting Documentation for Disbursements Report 8-07 – Review of the Adequacy of Supporting Documentation for Disbursements Report 8-07 This report is the final in a … to disburse funds on approximately 90.000 loans approved for Hurricanes Katrina, Rita, and Wilma within 45 days. We …

… process contributed to SBA meeting its timeliness goals for processing disaster loan applications for Hurricanes Harvey, Irma, and Maria. However, controls … to mitigate the risk of fraud and ensure program integrity for the loss verification process. Specifically, SBA did not …

… 2019, first quarter financial and award data submitted for publication on USASpending.gov, and (2) SBA’s … certain data completely, accurately, or timely. Overall, for the 385 sampled transactions, KPMG tested 14,262 … November 7, 2019 | File size: 715KB | Download .pdf for / November 7, 2019 Related programs: Agency Management …

… (SBA’s) consolidated financial statements as of and for the fiscal year ended September 30, 2019. This audit is … and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial Statements; and the U.S. Government … Chief Financial Officer and the Associate Administrator for Capital Access. We provided a draft of KPMG’s finding to …

… (SBA’s) consolidated financial statements as of and for the fiscal year ended September 30, 2019. This audit is … and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial Statements; and the U.S. Government … Chief Financial Officer and the Associate Administrator for Capital Access. We provided a draft of KPMG’s finding to …

… Technology Partnership (Arsenal) a cooperative agreement for $180,000 to perform veterans outreach initiatives in New … in 2018, SBA awarded Arsenal another cooperative agreement for $300,000 for the initial year, with options to extend performance for …

… of Faith-Based Organizations in PPP and EIDL FAQ for Faith-Based Organizations Participating in the PPP and … ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. As of January 1, 2022, we are not able to accept applications for new COVID EIDL loans or advances. Office of Capital …

… General on Integrity and Efficiency (CIGIE) Guidance for Improper Payments Elimination and Recovery Act Compliance … reporting; and SBA reduced the improper payment rates for most programs.   The report contains four recommendations … Effective: May 12, 2020 | File size: 755KB | Download .pdf for / May 12, 2020 Related programs: Agency Management …